Editor's note The following guest post was written by Ashkan Karbasfrooshan, founder and CEO of WatchMojo.You can also read his series on the state of Online video (Parts I, II, III, and IV) video..
Yesterday's final implosion of video site Veoh, which declared bankruptcy after burning through $70 million of venture capital, was a long time coming. A lot of so-called smart money went into Veoh: investors included Goldman Sachs, Time Warner, Intel’s venture arm, Spark Capital and former Disney CEO Michael Eisner. And it was hardly an isolated incident. Joost, another high-flying video startup launched by the founders of Skype, went through $45M in VC money before ending up in a fire sale. Who’s next?
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